Neurovascular Guidewires Market is expected to reach US$

Dubai, United Arab Emirates, January 20, 2022 (GLOBE NEWSWIRE) – Global Neural counseling market It is the log of the site Compound annual growth rate of 4.0% During the forecast period 2022-2028. The increasing demand for straight tip guide wires for minimally invasive cervical and spine surgeries is accelerating growth in the market.

Global demand for receptacle guide wires will reach approximately US$316.2 million in 2022, which will see an estimated increase of 3.6% through 2022. Neural counseling market Revenue is likely to expand 1.5 times.

According to a new research study on Future Market Insights,

  • Straight Head Guiding Wire, with a current share of over one-third of the total market value, will maintain the dominant position in the wiring harness market until 2028.
  • Aneurysms and intracranial and extracranial angioplasty reflect the highest applicability of neurovascular guidewires.
  • Although hospitals are expected to reflect the limited investment opportunities in the neurovascular guidance market, they will remain the leading end-use segment with maximum share in terms of revenue generation.
Describe details
Neurovascular Counseling Market Size Value in 2021 US$ 303.4 Mn
Neurovascular Counseling Market Size Value in 2022 US$ 316.2 Mn
Neurovascular Counseling Market Size Value in 2028 US$ 399.1 Mn
Historic Compound Annual Growth of the Neurological Counseling Market (2013-2021) 3.4%
Compound Annual Growth Rate (CAGR) of the Neurovascular Counseling Market (2022-2028) 4.0%

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The growing number of treatment alternatives for neurovascular diseases

Neurovascular guidelines, among the latest innovations in the treatment of neurovascular diseases, have been increasing the number of neurovascular surgeries since their introduction. According to the report, this will continue to be a key factor in the continued demand for neurovascular guidance in the global market over the coming years.

As the advent of technology used in neurovascular surgery has greatly increased the number of treatment options for neurovascular diseases, treatment with vascular guidewires is gaining rapid progress due to the relatively low risks associated with surgical treatment, compared to conventional surgical procedures. The use of guidewires is a mainstay of neurovascular therapy, along with new technologies such as coating-based guidewires, which have greatly contributed to treatment options for complex surgically treated lesions.

The increasing number of vascular neuroradiology procedures is driving the demand for access products, another factor driving the neurovascular guidance market. The number of neurovascular interventions is increasing with increasing awareness among surgeons about the cost benefit associated with neurovascular guidelines. Besides, the reimbursement policies for outpatient surgeries are also expected to drive the revenue of the Neurovascular Steering market.

Moreover, the increase in the number of end users such as ambulatory surgical centers in developing and underdeveloped countries is increasing the number of outpatient cases, which is also expected to drive the general market for neurovascular guide devices.

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Report scope

Describe details
Climate forecast
a period
Historical data
available for me
Million USD value
Main areas
North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa
Major countries
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, North, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, other countries .
market key
Product, application, coating type, end user, and region
• Asahi Intek Co., Ltd..

• Stryker Corporation

• Medtronic PLC

• Boston Scientific Foundation

• B.Braun Melsungen AG

• Cardinal Health Inc.

• Cook Medical Company

• Smiths Group PLC.

• Integra LifeSciences Corporation

• Company Conmed

• Aharon

Favorable payment scenario and government support

The increased prevalence and incidence of cerebral infarction, aneurysm and stroke is expected to increase the demand for neurovascular guidewires. It is also estimated that the growth in the number of patients with ischemic stroke worldwide promotes adoption of the neurovascular guideline and contributes to the growth of the global neurovascular guidance market during the forecast period.

Likewise, the increased incidence of arteriovenous malformations is also contributing to the growth in demand for neurovascular guidewires. The increasing prevalence of intracranial and extracranial angioplasty is another factor that is expected to drive the neurovascular guidance market.

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Neurovascular guides are effective and safe devices in neurovascular intervention procedures for patients with neurovascular disease. Adjustments in reimbursement policies have encouraged the number of outpatients in developed countries. Government initiatives and local reimbursement policies related to the use of neurovascular guidance are also expected to boost the neurovascular guidance market during the forecast period.

It is also estimated that increased awareness of cerebral infarction contributes to the growth of the market. Reimbursement policies for cerebral aneurysm treatment are also contributing to the growth of the neurovascular guidance market as patients are not required to pay out of their own pockets.

The FMI report tracks some of the key companies operating in the vascular neuroguidance market, which include Boston Scientific Corporation, Medtronic and Penumbra Inc. and Stryker and Asahi Intecc Co. Ltd, Integer Holding Corporation, Cordis Corporation, CONMED Corporation, phenox GmbH and Integer holding company, among others.

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